Examples of Bondholder Meeting in a sentence
Voting and Quorum The provisions governing the convening and holding of the Bondholder Meeting are set out in Schedule 4 (Provisions for Meetings of Bondholders) to the Trust Deed, a copy of which is available for inspection as described above.
If within fifteen minutes after the time appointed for the Bondholder Meeting, a quorum is not present, the Bondholder Meeting shall stand adjourned until a date which shall be not less than 14 clear days but not more than 42 clear days as determined by the chairman of the Bondholder Meeting and approved by the Trustee prior to the adjournment of such Meeting.
Each person (a “Beneficial Owner”) who is the owner of a particular principal amount of the Bonds, as shown in the records of Euroclear or Clearstream, Luxembourg or its accountholders (“Direct Participants”), should note that such person will not be a Bondholder for the purposes of this Notice of Bondholder Meeting and will only be entitled to attend and vote at the Bondholder Meeting or to cause the appointment of a proxy to do so in accordance with the procedures set out below.
General Bondholders should pay particular attention to the requirements in respect of a quorum for the Bondholder Meeting and an adjourned Bondholder Meeting (if applicable) which are set out below.
The Bondholders or Direct Participants (directly or on behalf of Beneficial Owners) who have submitted Electronic Instruction Notices to the Clearing Systems or to the Bondholder in accordance with the procedures set out in the Exchange Offer and Consent Solicitation Memorandum need take no further action in relation to voting at the Bondholder Meeting in respect of the Extraordinary Resolutions.
Any Bond(s) so held and blocked for either of these purposes will be released to the Direct Participant by the relevant Clearing System on the earliest of: (i) the conclusion of the Bondholder Meeting (or, if later, the adjourned Bondholder Meeting) and (ii) upon such Bond(s) ceasing in accordance with the procedures of the relevant Clearing System and with the agreement of the Principal Paying Agent to be held to its order or under its control.
In light of such requirements, Bondholders are strongly urged either to attend the Bondholder Meeting or to take the steps referred to below as soon as possible in order to be represented by proxy at the Bondholder Meeting.
Bondholders are entitled to attend the Bondholder Meeting or to give instructions with respect to the casting of their votes at the Bondholder Meeting whether or not they offer to exchange their Bonds in response to the Exchange Offer.The Extraordinary Resolutions may only be considered at the Bondholder Meeting if the Bondholder Meeting is quorate.
On this basis, the only Bondholder for the purposes of this Notice of Bondholder Meeting will be the registered holder of the Global Certificates, which is HSBC Nominees (Hong Kong) Limited, as nominee for Euroclear and Clearstream, Luxembourg.
The quorum requirement is as follows: Bondholder Meeting Quorum Requirement Every question submitted to a Bondholder Meeting (or any adjournment thereof) will be decided in the first instance by a show of hands and in the case of equality of votes the chairman shall both on a show of hands and on a poll have a casting vote.